Arista Networks Inc [ANET] stock prices are down -3.24% to $111.50 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ANET shares have gain 11.17% over the last week, with a monthly amount glided 0.88%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Arista Networks Inc [NYSE: ANET] stock has seen the most recent analyst activity on June 27, 2024, when Citigroup reiterated its Buy rating and also boosted its price target to $385 from $330. Previously, Jefferies upgraded its rating to Buy on May 03, 2024, and elevated its price target to $320. On April 12, 2024, downgrade downgraded it’s rating to Sell but maintained its price target of $210 on the stock. Melius upgraded its rating to a Buy. Citigroup reiterated its recommendation of a Buy and raised its price target to $300 on December 14, 2023. Morgan Stanley upgraded its rating to Overweight for this stock on October 31, 2023, and upped its price target to $220. In a note dated October 11, 2023, Piper Sandler downgraded an Neutral rating on this stock but restated the target price of $190.
The stock price of Arista Networks Inc [ANET] has been fluctuating between $60.08 and $133.57 over the past year. Currently, Wall Street analysts expect the stock to reach $415 within the next 12 months. Arista Networks Inc [NYSE: ANET] shares were valued at $111.50 at the most recent close of the market. An investor can expect a potential return of 272.2% based on the average ANET price forecast.
Analyzing the ANET fundamentals
The Arista Networks Inc [NYSE:ANET] reported sales of 6.61B for trailing twelve months, representing a surge of 19.97%. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.42%, Pretax Profit Margin comes in at 0.46%, and Net Profit Margin reading is 0.4%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, Equity is 0.33 and Total Capital is 0.27.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 108.97 points at the first support level, and at 106.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 113.87, and for the 2nd resistance point, it is at 116.23.
Ratios To Look Out For
It’s worth pointing out that Arista Networks Inc [NYSE:ANET]’s Current Ratio is 4.47. Also, the Quick Ratio is 3.69, while the Cash Ratio stands at 1.3. Considering the valuation of this stock, the price to sales ratio is 21.24, the price to book ratio is 15.19 and price to earnings (TTM) ratio is 53.53.
Transactions by insiders
Recent insider trading involved Wassenaar Yvonne, Director, that happened on Jan 21 ’25 when 168.0 shares were sold. Director, Yvonne Wassenaar completed a deal on Jan 21 ’25 to buy 168.0 shares. Meanwhile, CTO and SVP Software Eng. Duda Kenneth sold 80000.0 shares on Jan 06 ’25.
